MINNEAPOLIS--(BUSINESS WIRE)--Entrust
Datacard, a leading provider of trusted identity and secure
transaction technology solutions, today announced that it has made a
strategic investment in CensorNet, the complete cloud security company,
to propel Entrust Datacard toward achieving real-time threat awareness
with enhanced pattern analysis for continuous authentication
capabilities. Entrust Datacard has also acquired Copenhagen-based SMS
Passcode, CensorNet’s adaptive multi-factor authentication technology
solution. The strategic acquisition of the SMS Passcode technology and
the investment in CensorNet’s USS platform further establishes Entrust
Datacard as an innovative authentication solution provider and allows
the company to further expand its global footprint throughout
DACH/Benelux and The Nordics.

CensorNet’s USS platform, which includes a cloud access security broker
(CASB), multi-factor authentication, and web and email security, will
bolster new offerings for Entrust Datacard across authentication, PKI
and SSL. Additionally, the collaboration will enhance the Entrust
Datacard intelligent Authentication Insight Engine by accelerating its
behavior and pattern capabilities for more real-time, intelligent
decision-making, improving security and the user experience for the next
generation of threats and compliance needs.

“Identity-centric data analysis is in CensorNet’s DNA, and identity
assurance capabilities in ours,” said Todd Wilkinson, president and CEO
for Entrust Datacard. “This new relationship and investment in CensorNet
presents opportunities for collaboration to enhance both companies’
offerings and re-shape the market together.”

For greater collaboration between the companies, Entrust Datacard CEO
Todd Wilkinson will join CensorNet’s board of directors and the SMS
Passcode team will integrate with the larger Entrust Datacard
authentication team.

In a quickly-changing IT and threat landscape, the need for a more
seamless, frictionless and secure customer experience has never been
greater. The acquisition of SMS Passcode will allow Entrust Datacard to
better serve customers by integrating the solution’s technology with its
IntelliTrust™ SaaS authentication solution, expanding USS
capabilities to Entrust Datacard customers while adding advanced mobile
and cloud capabilities to SMS Passcode customers.

“CensorNet and Entrust Datacard have a shared vision for real-time
identity centric security that can be achieved faster and with greater
impact together rather than separately,” said Ed Macnair, CEO for
CensorNet. “The acquisition of SMS Passcode will benefit the broader IAM
market as well as SMS Passcode customers, and this new relationship will
continue serving customers as Entrust Datacard builds upon existing
partnerships and enhances our USS offering.”

Entrust Datacard has a long history of innovating and expanding both
geographically and technologically to provide solutions that reflect
changing market conditions. Continuing this approach, the SMS Passcode
acquisition and investment in CensorNet’s USS platform represents a
significant step toward both a holistic security approach and global
presence for the organization. At a time when other security players are
going through large, complex mergers or acquiring and shelving smaller
innovators, Entrust Datacard is building strong partnerships through
targeted investments and acquisitions.

“SMS Passcode is an established multi-factor authentication (MFA) leader
in DACH/Benelux and The Nordics, making it a natural fit for our
acquisition strategy,” said Wilkinson. “The MFA technology, as well as
the USS platform, will be strong complements to the Entrust Datacard
portfolio of solutions.”

The acquisition was signed and finalized on June 30, 2018. Terms of the
acquisition are undisclosed.

Consumers, citizens and employees increasingly expect anywhere-anytime
experiences — whether they are making purchases, crossing borders,
accessing e-gov services or logging onto corporate networks. Entrust
Datacard offers the trusted identity and secure transaction technologies
that make those experiences reliable and secure. Solutions range from
the physical world of financial cards, passports and ID cards to the
digital realm of authentication, certificates and secure communications.
With more than 2,200 Entrust Datacard colleagues around the world, and a
network of strong global partners, the company serves customers in 150
countries worldwide. For more information, visit www.entrustdatacard.com.

About CensorNet

CensorNet,
the complete cloud security company, helps organizations to effectively
manage and control the use of cloud applications in their business. The
company provides a unified and multi-layered approach to securing the
cloud via its purpose built, multi-functional cloud security platform
that delivers integrated web security, email security, CASB and adaptive
multi-factor authentication. This provides organizations with
security-focused visibility and control over user access, data and
assets to allow access while controlling outcomes and allows
organizations to address the security, audit, compliance and
productivity issues associated with the use of cloud applications and
devices. CensorNet enables organizations to control Shadow IT, safely
implement BYOD initiatives and protect from cyber threats. With more
than 4000 customers and over 1.3 million users worldwide, the company is
headquartered in Basingstoke, UK and has further offices in Austin, US;
Copenhagen, Denmark and Munich, Germany. For more information, visit www.censornet.com